about 19 years ago
Ship Finance International Limited, today announced that it is has agreed to sell the single hull VLCC Front Duchess to an unrelated third party for net sales proceeds of $54.5 million. Delivery to the new owner is expected to take place in January/February 2008, and Ship Finance will receive a net
Ship Finance International Limited, today announced that it is has agreed to sell the single hull VLCC Front Duchess to an unrelated third party for net sales proceeds of $54.5 million.
Delivery to the new owner is expected to take place in January/February 2008, and Ship Finance will receive a net amount of approximately $29.1 million after compensation of approximately $25.4 million to Frontline for the termination of the current charter.
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